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  Taxable Income Components	Amount (USD)
  Revenue	$7,000,000
  Cost of Goods Sold	($3,000,000)
  Operating Expenses	($2,000,000)
  Depreciation	($800,000)
  _____________________________
  Taxable Income	$1,200,000

  Requirements:

  1. Calculate the taxable income for a corporation with revenue of $7,000,000, cost of goods sold of $3,000,000, operating expenses of $2,000,000, and depreciation of $800,000.
  2. Present all amounts in USD.
  3. Highlight the taxable income figure.
  4. Include all relevant income components.